Life Insurance Needs Calculator
Estimate how much life insurance coverage your family might need by adding income replacement, debts, future costs and final expenses, then subtracting savings and existing coverage. The starting values are placeholders.
Free · runs in your browser · Checked 30 September 2026Life insurance needs
Move the sliders or type your own numbers. Results are estimates that assume a constant rate and are not guaranteed.
🧠 How this is calculated
Need = income × years + debts + mortgage + future needs + final expenses. Additional coverage = need − savings − existing coverage.
Calculations run in your browser; nothing you enter is sent to us. Results are estimates that depend on the assumptions shown.
❓ FAQs
Is this the amount I should buy?
It is a planning estimate. It ignores investment returns, inflation, taxes and survivor benefits. An insurance agent or fee-only planner can refine it.
Term or whole life?
See the guide on term vs whole life insurance.
Is this financial advice?
No. The calculator shows what happens under the numbers you enter. Rates, limits and tax rules change; confirm with the provider or a licensed professional.
Results are illustrations, not offers or advice. Investments can lose value; bank deposits are FDIC-insured up to $250,000 per depositor, per insured bank, per ownership category.